📋 Tender Overview
Project Number
49731
Company Name
COUVOIR AMAR
Date ESRS Disclosed
Mar 28, 2025
Country
Senegal
Region
Africa
Last Updated Date
Environmental Category
B
Status
Pending Approval
Sector
Poultry Farming
Industry
Agribusiness and Forestry
Department
CM3AA - Regional Industry - MAS Africa/MAS Agri - Nth, Wst, Cnt Africa
Project Description
The proposed investment involves an 8-year (incl. 3-year grace) A Loan of up to EUR 5 million (equivalent in XOF), with a subsidy for a rate buy-down from the GAFSP Local Currency Pilot facility to Africaine de Production Animale (APRAN or the Company ) as borrower and Couvoir Amar (CA) as co-borrower to finance the construction of a 76,800 tons per annum animal feed mill( the Project ). Both companies operate in the entire value chain from egg import, hatcheries, production of Day Old Chicks, breeders, broilers and a slaughterhouse. The Companies serve a diverse clientele, primarily smallholders, as well as restaurants, slaughterhouses, supermarkets, hotels (broilers), and other actors in the value chain. The use of the proceed will exclusively be used for the capital and operational expenditure for the feed mill by APRAN.
The project will be located in the Special Economic Industrial Zone (SEIZ) currently being developed in Diass, close to Dakar, Senegal. The industrial zone development is under constructed by the national agency for investment, L’Agence Nationale chargée de la Promotion de l’Investissement et des Grands Travaux (APIX). The total surface area of the SEIZ is around 718 hectares, while the land earmarked for the construction of feed mill is 1.9 hectare, i.e 0.26% of the total surface area of the SEIZ.
The feed mill will produce feed for both poultry and ruminants. The majority of the product from the feed mill is expected to be consumed by the company’s farms and its value chain, mainly smallholder farmers. The raw material will be mainly soybeans and maize which will be imported through an international trader mainly from Brazil. Groundnut, risk husks and fishmeal will also be used.
Overview of IFC's Scope of Review
IFC’s Environmental and Social (E&S) review of this proposed investment included (i) a site visit in August 2024; (ii) meetings and discussions with APRAN and Couvoir Amar senior management, ESIA consultant, HR manager, employees and APIX representative; (iii) review of the E&S documents and information provided, including the Environmental and Social Impact Assessment (ESIA) report, Human resource manuals and standard operating procedures (SOPs), and the details on origin of the soybeans and maize to be used as raw material.
As part of the IFC review of the project, a contextual risk assessment of Senegal and contextual supply chain risk assessment for Brazil was conducted. The key risks identified for Senegal were workplace exclusion and disparities and access to basic services. The major risks within the soybeans, maize and groundnuts supp
